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Equipment Rent Sample Clauses

Equipment RentLessee shall pay to Lessor, as rent for the lease of the PET Scanner and Ancillary Equipment hereunder, an amount equal to all debt service and other payments, sums and charges due to the Equipment Lender under the Loan Documents (the "Equipment Rent"). The Equipment Rent will be due and payable on each date in each month during the Term hereof that Lessor is required to pay any such debt service, payments, sums and other charges to the Equipment Lender under the Loan Documents, until such time as Lessor's obligations to the Equipment Lender under the Loan Documents have been fully satisfied. If, at any time during the Term of this Lease, Lessor and the Equipment Lender change the terms of the debt service relating to the sums borrowed by Lessor to finance its purchase of the PET Scanner and the Ancillary Equipment, the Equipment Rent shall be adjusted (commencing on the date that any such change becomes effective) by an amount equal to any such modified debt service. All payments of Equipment Rent (and other amounts payable by Lessee under this Lease) shall be paid to Lessor by check at the address of Lessor set forth in Section 12.2 hereof, or at such other address as Lessor shall designate in writing to Lessee at least five (5) business days prior to the due date thereof. All payments of Equipment Rent (and other amounts due under this Lease) shall be paid to Lessor without any deduction, reduction, abatement or set-off unless otherwise agreed to in writing by Lessor.
Equipment Rent. 3.1 The rent for the use of the Equipment for the period DATE to DATE payable by CHEQUE OR OTHER METHOD to GYPSD shall be AMOUNT ($ NUMBER) payable on the date of commencement of this Agreement, based on an annual rent of AMOUNT ($ NUMBER). Thereafter starting on September 1 the annual rent shall be increased in accordance with the provisions hereinafter set out regarding automatic rent increases and shall be paid annually on each September 1 during the currency of this Agreement or any renewal. The last payment under this Lease or any renewal shall be prorated by dividing the annual rent that would be payable by twelve (12) and multiplying the result by the number of month’s remaining in this Lease or the renewal term as the case may be. (hereinafter referred to as the "Equipment Rent") 3.2 During the Term or at the expiry of the Term of this Agreement, ILNO may purchase the Equipment from GYPSD at the price originally paid by GYPSD as outlined in Schedule "B" attached hereto and forming part of this Agreement.
Equipment Rent. 3.1 The rent for the use of the Equipment for the period DATE to DATE payable by CHEQUE OR PAYMENT TYPE to GYPSD shall be AMOUNT ($AMOUNT) payable on the date of commencement of this Agreement, based on an annual rent of AMOUNT ($AMOUNT) Thereafter starting on September 1 the annual rent shall be increased in accordance with the provisions hereinafter set out regarding automatic rent increases and shall be paid annually on each September 1 during the currency of this Agreement or any renewal. The last payment under this Lease or any renewal shall be prorated by dividing the annual rent that would be payable by twelve (12) and multiplying the result by the number of month’s remaining in this Lease or the renewal term as the case may be. (hereinafter referred to as the "Equipment Rent") 3.2 The Equipment rent shall automatically increase on the first day of September in each year during the currency of this Agreement or any renewal. The amount of the increase shall be calculated on the annual rent in effect on the day prior to the first day of the renewal period. 3.3 The increase in the Equipment rent referred to under Article 4.3 3.3 shall be the cumulative percentage increase in the general Consumer Price Index (CPI) for Canada over the period prior to the first day of the renewal period. The determination of the increase in the CPI shall be made by GYPSD using information and the calculator published by Statistics Canada on its web site, which calculation shall be conclusive and shall be accepted by both Parties. 3.4 Shall pay the Equipment rent when due in full without any set off, abatement or deduction for any reason. 3.5 The Equipment rent shall be paid to GYPSD at its address set out hereinafter unless ILNO is directed otherwise in writing.
Equipment Rent. The Sublessee shall pay to CROET equipment rental, for the PSP, according to the following terms: (1) $ [Confidential Treatment Requested] per month until the equipment becomes operational. (2) $ [Confidential Treatment Requested] per month after the equipment becomes operational, whether or not it continues in operation.
Equipment Rent. All conditions of equipment rent are described in the contract, with which the Customer agrees at the time of payment. For the rent period all property rights for the leased equipment belong to ECOS-M and not transferred to the Customer. In case of equipment rent ECOS-M is fully responsible for the equipment maintenance and issues related to equipment breakdown do not affect the Customer’s income accrual under the Contract.
Equipment RentLessee shall pay to Lessor, as rent for the lease of the Scanner and Ancillary Equipment hereunder, an amount equal to all debt service and other payments, sums and charges due to the Equipment Lender under the Loan Documents (the "Equipment Rent"). The Equipment Rent will be due and payable on each date in each month during the Term hereof that Lessor is required to pay any such debt service, payments, sums and other charges to the Equipment Lender under the Loan Documents, until such time as Lessor's obligations to the Equipment Lender under the Loan Documents have been fully satisfied. All payments of Equipment Rent (and other amounts payable by Lessee under this Lease) shall be paid to Lessor by check at the address of Lessor set forth in Section 12.2 hereof, or at such other address as Lessor shall designate in writing to Lessee at least five (5) business days prior to the due date thereof. All payments of Equipment Rent (and other amounts due under this Lease) shall be paid to Lessor without any deduction, reduction, abatement or set-off unless otherwise agreed to in writing by Lessor. Lessee hereby grants Lessor a first lien and security interest in the fees payable to it under the License Agreement in order to secure payment to Lessor of the Equipment Rent and the Premises Rent and Additional Premises Rent (as such terms are hereinafter defined). Lessee will execute all UCC financing statements and other instruments requested of it by Lessor to perfect such lien and security interest. In the event of any breach or default by Lessee of its obligations to pay such Equipment Rent, Premises Rent and/or Additional Premises Rent to Lessor hereunder, Lessor shall have, as a non-exclusive remedy therefor, all rights and remedies of a secured creditor under the applicable provisions of the Uniform Commercial Code with respect to the aforementioned lien and security interest.
Equipment Rent. Subject to the terms and conditions set forth herein, Company and Distributor shall execute and deliver Equipment Schedules (in form and substance as identified on Attachment 1 herein) pursuant to this Master Rent (each, an “Equipment Schedule”) and pursuant to each Equipment Schedule the Company shall rent to Distributor the equipment and other property described on such Equipment Schedule (together with any attachments, replacements, parts, substitutions, repairs, accessions and accessories thereto, and software incorporated therein, the "Equipment”). Each Equipment Schedule will incorporate by reference this Master Rent and will specify certain terms relating to the renting of the Equipment (this Master Rent as incorporated into each Equipment Schedule, a “Rent”). Each Equipment Schedule, together with this Master Rent, shall constitute a separate and enforceable Rent. In the event that any term of any Equipment Schedule conflicts with or is inconsistent with any term of this Master Rent, the terms of the Equipment Schedule shall govern. As used herein, the term “Item of Equipment”, as it relates to any Equipment, shall have the meaning specified in the Equipment Schedule relating to such Equipment and if no such meaning is specified therein, “Item of Equipment” shall mean the Equipment as a whole.
Equipment Rent 

Related to Equipment Rent

  • Equipment Rental Copies of rental agreements for the equipment used, including the rental rate; and the number of hours the equipment was used on the project.

  • Equipment Rental Charges i. The Judicial Council may use either the Contractor’s audio-visual provider or provide for its own audio-visual source to service the Program. Should the Judicial Council use the Contractor’s audio-visual provider, the charges for services and/or equipment provided under this exhibit shall not exceed the amounts set forth in the Contractor’s Audio- Visual and Other Equipment Price List, as attached to this Agreement in Exhibit H. The Contractor shall not charge nor will the Judicial Council pay for audio-visual services and/or equipment that are provided by the Judicial Council. ii. The Contractor may xxxx the Judicial Council for Program office charges associated with (a) the establishment of the following within meeting room space(s) and/or business center, if requested by the Judicial Council: rental of facsimile machine(s), computer(s), and /or copier(s); internet connectivity; and set-up of supplemental house telephone(s); and (b) table-top exhibit(s) / display(s), other than in Program registration space, if requested by the Judicial Council.

  • Base Rent Purchaser will receive a credit at Closing for the prorated amount of all base or fixed rent payable pursuant to the Leases and all Additional Rents (collectively, “Rent”) previously paid to, or collected by, Seller and attributable to any period following the Closing Date. Rents are “Delinquent” when they were due prior to the Closing Date, and payment thereof has not been made on or before the Closing Date. Delinquent Rent shall not be prorated at Closing. All Rent collected by Purchaser or Seller from each tenant from and after Closing will be applied as follows: (i) first, to Delinquent Rent owed for the month in which the Closing Date occurs (the “Closing Month”), (ii) second, to any accrued Rents owing to Purchaser, and (iii) third, to Delinquent Rents owing to Seller for the period prior to Closing. Any Rent collected by Purchaser and due Seller will be promptly remitted to Seller. Any Rent collected by Seller and due Purchaser shall be promptly remitted to Purchaser. Purchaser shall use reasonable efforts to collect Delinquent Rents owed to Seller in the ordinary course of its business; provided, however, that Seller hereby retains the right to pursue any tenant under the Leases for any Rent and other sums due Seller for period attributable to Seller’s ownership of the Property; and provided further, however, Seller (i) shall be required to notify Purchaser in writing of Seller’s intention to commence or pursue any legal proceedings; and (ii) shall not be permitted to commence or pursue any legal proceedings against any tenant seeking eviction of such tenant or the termination of the underlying Lease. “Additional Rents” shall mean any and all amounts due from tenants for operating expenses, common area maintenance charges, taxes, shared utility charges, management fees, insurance costs, other comparable expenses and pass-through charges and any other tenant charges. The provisions of this Section 14.5 shall survive the Closing and the delivery of any conveyance documentation.

  • Office Space, Equipment and Facilities Provide such office space, office equipment and office facilities as are adequate to fulfill the Adviser’s obligations hereunder.

  • LESSOR'S ACCESS; SHOWING PREMISES; REPAIRS Lessor and Lessor's agents shall have the right to enter the Premises at any time, in the case of an emergency, and otherwise at reasonable times for the purpose of showing the same to prospective purchasers, lenders, or lessees, and making such alterations, repairs, improvements or additions to the Premises or to the Building, as Lessor may reasonably deem necessary. Lessor may at any time place on or about the Premises or Building any ordinary "For Sale" signs and Lessor may at any time during the last one hundred eighty (180) days of the term hereof place on or about the Premises any ordinary "For Lease" signs. All such activities of Lessor shall be without abatement of rent or liability to Lessee.

  • Basic Rent The periodic rent payable for the Aircraft throughout the Basic Term pursuant to Section 3.02 of the Lease, adjusted pursuant to Article 3 of the Lease. Basic Term. The period commencing at the beginning of the day on the Delivery Date and ending at the end of the day on July 15, 2023, or such earlier date on which the Lease shall be terminated as provided therein.

  • Rental Equipment 7.1 We will at all times own all Rental Equipment supplied to you. You will not let, sell, charge, assign, sub-license or allow a third party to use the Rental Equipment nor remove any labels, and shall not prejudice our rights in the Rental Equipment in any way. We may replace the Rental Equipment from time to time either with your prior consent or provided that the replacement Rental Equipment is of a specification that is at least equal to the Rental Equipment originally supplied and such change does not materially disrupt the provision of the Services. 7.2 Subject to the other terms of this paragraph 7, we (or our authorised representative) shall, during our usual working hours: 7.2.1 where necessary install the Rental Equipment at your premises at a time and date agreed with you; and 7.2.2 use our reasonable endeavours to repair any faults to the Rental Equipment in accordance with our standard procedures (which are available on request). 7.3 It is your responsibility to look after the Rental Equipment that is in your possession or custody and you agree to pay for the Rental Equipment to be replaced or repaired if it is lost, stolen or damaged. 7.4 You will notify us promptly of any faults which occur, any repairs which become necessary, and of any loss, theft or damage to the Rental Equipment. 7.5 You agree that you will only use the Rental Equipment in conjunction with the relevant Services and shall comply with our reasonable instructions in relation to its use. 7.6 You shall be responsible for maintaining adequate cover in place to insure the Rental Equipment while it remains in your possession and custody. You will also be responsible for obtaining and, where appropriate, paying for all necessary licenses, consents and approvals required for the installation and use of the Rental Equipment. 7.7 You will not (and you will ensure that no-one else will) repair, alter, modify or maintain, or make any additions or attachments to, or otherwise alter, the Rental Equipment without our prior written consent. We will not be liable for any costs or charges incurred, faults caused by, or repairs required as a result of, installation or programming of Rental Equipment that is carried out by any other person (other than our employees or agents). You agree to indemnify us for all losses, damages and expenses that are brought against or incurred by us, arising as a result of the same. 7.8 On expiry or termination of the Agreement or the relevant Service, all Rental Equipment must be returned to us in reasonable condition, subject to reasonable wear and tear. If you fail to return or make available for collection the Rental Equipment in a reasonable condition or at all we may, at our option, invoice you for a sum equal to the original cost of the Rental Equipment less any depreciation together with any costs reasonably incurred by us. 7.9 In the event that you return Rental Equipment to us and it is not received by us, in the absence of reasonable evidence that the Rental Equipment has been delivered to us you accept that you shall remain liable for the Rental Equipment.

  • Additional Rental (a) For purposes of this Lease, "Tenant's Forecast Additional Rental" shall mean Landlord's reasonable estimate of Tenant's Additional Rental for the coming calendar year or portion thereof. If at any time it appears to Landlord that Tenant's Additional Rental for the current calendar year will vary from Landlord's estimate by more than five percent (5%), Landlord shall have the right to revise, by notice to Tenant, its estimate for such year, and subsequent payments by Tenant for such year shall be based upon such revised estimate of Tenant's Additional Rental. Failure to make a revision contemplated by the immediately preceding sentence shall not prejudice Landlord's right to collect the full amount of Tenant's Additional Rental. Prior to the Rental Commencement Date and thereafter prior to the beginning of each calendar year during the Lease Term, including any extensions thereof, Landlord shall present to Tenant a statement of Tenant's Forecast Additional Rental for such calendar year; provided, however, that if such statement is not given prior to the beginning of any calendar year as aforesaid, Tenant shall continue to pay during the next ensuing calendar year on the basis of the amount of Tenant's Forecast Additional Rental payable during the calendar year just ended until the month after such statement is delivered to Tenant.

  • Additional Premises Landlord shall use commercially reasonable efforts to expand the Premises to include an additional fifteen thousand four hundred ten (15,410) square feet of Rentable Area located on the first (1st) floor, as shown on Exhibit A attached hereto (the “Additional Premises”) on July 1, 2012 (the “Additional Premises Delivery Date”). In the event Landlord determines the Additional Premises will be ready for delivery to Tenant in the Required Condition on the Additional Premises Delivery Date, within ten (10) business days prior to the Additional Premises Delivery Date, Landlord and Tenant shall enter into a written amendment to the Lease, which amendment shall provide, unless otherwise agreed in writing, (a) that the commencement date of the Additional Premises shall be the Additional Premises Delivery Date (the “Additional Premises Commencement Date”), (b) that, as of the Additional Premises Commencement Date, the Premises under the Lease shall be increased to include the Additional Premises for a total of sixty-one thousand four hundred forty-four (61,444) square feet of Rentable Area (together, the Premises and the Additional Premises shall be referred to hereinafter as the “Total Premises”), (c) the new Basic Annual Rent applicable to the Total Premises, which shall commence on the Additional Premises Commencement Date and shall be as further described in Section 4.2 of this Amendment, (d) Tenant’s new Pro Rata Share of Operating Expenses as of the Additional Premises Commencement Date, which Pro Rata Share shall equal one hundred percent (100%) of the Building and thirty-three and 51/100 percent (33.51%) of the Project and (e) that, in addition to the parking which Tenant is entitled to under the terms of the Lease with respect to the original Premises, Tenant, for so long as Tenant leases the Additional Premises, shall have a non-exclusive license to use the parking facilities serving the Building in common on an unreserved basis with other tenants of the Building and the Project at a ratio of 3.3 parking spaces per 1,000 rentable square feet of Additional Premises, which amounts to fifty-one (51) additional parking spaces, which number shall include three (3) additional Reserved Spaces. In the event the Additional Premises is not ready for delivery to Tenant in the Required Condition on the Additional Premises Delivery Date, then (x) this Amendment and the Lease shall not be void or voidable, (y) Landlord shall not be liable to Tenant for any loss or damage resulting therefrom and (z) the new Basic Annual Rent applicable to the Premises shall be as further described in Section 4.3 of this Amendment.

  • Rent Tenant shall pay Rent to Landlord (or to such Person as Landlord may direct (in writing)) during the Term, in lawful money of the United States of America which shall be legal tender for the payment of public and private debts, without offset, abatement, demand or deduction, except as hereinafter expressly provided. All payments of Rent to Landlord shall be made by wire transfer of immediately available federal funds or by other means acceptable to Landlord in its sole discretion. Base Rent and Additional Debt Service Costs for any partial month shall be prorated on a per diem basis based on a 360 day year and twelve (12) thirty (30) day months. In addition, if directed to do so by Landlord in writing, Tenant shall pay a portion of the Base Rent directly to any Facility Mortgagee in an amount specified in such Notice to Tenant. Notwithstanding the foregoing, if in connection with any Facility Mortgage Landlord is unable to obtain from the Facility Mortgagee a Subordination Agreement not to disturb Tenant's right to possession in the event of a foreclosure of such Facility Mortgage, then Tenant shall have the right, at Tenant's sole election, to pay directly to the Facility Mortgagee all monthly payments due and payable or otherwise required thereunder. If Tenant elects to make such payments directly to the Facility Mortgagee, then (i) upon each monthly payment Tenant shall simultaneously therewith deliver to Landlord evidence reasonably acceptable to Landlord that such payment was made, and (ii) Tenant hereby agrees to indemnify, defend and hold harmless Landlord from any claims, losses or damages that Landlord suffers as a result of any failure, default or defect in Tenant's making such payment on Landlord's behalf. Any payments made directly by Tenant under this Paragraph may be off-set against Base Rent payable by Tenant during such calendar month.